February 12 News, analyst Zach Rector explained the logic behind setting a $7 target price for XRP by comparing its historical bull cycle with that of silver. He pointed out that the current market structure of XRP is highly similar to the breakout phase of silver before years of upward movement and believes that the token is approaching the end of a deep correction.
Rector emphasized that $7 is not an arbitrary price target but a central goal derived from historical symmetry. He cited that after silver broke below $20 in September 2022 and touched a low of $17, it experienced a strong rebound of nearly 600%, eventually breaking through $120 in 2026. Mapping this rhythm onto XRP, a 500% to 600% increase from around $1 would naturally point to the $7 range, which aligns with his proposed potential zone of $5 to $10.
In terms of price action, XRP briefly dipped to $1.11 last Monday, hitting a new low for 2024, then rebounded over 30%, now around $1.43, but still about 70% below its all-time high. Rector believes that such a correction often signifies a market reset in previous cycles and lays the groundwork for the next rally.
This view also references research from Waters Above Crypto, which found that silver took about three and a half years to build momentum from its lows to highs. Rector suggests that crypto assets typically move faster, and XRP could complete a similar structure in a shorter period. Both charts show patterns of double tops, significant retracements, long periods of sideways movement, followed by accelerated upward trends.
Beyond technical structure, $7 is also seen as an important psychological level, roughly double XRP’s previous high of $3.66. Rector stated that as the price approaches double digits, profit-taking pressure may increase, making $7 a useful reference point for the phase. While future movements remain uncertain, he believes that the current risk-reward ratio favors an upward trajectory.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple Outlines Four-Phase Quantum-Safe Plan for XRP Ledger by 2028
Ripple has developed a four-phase roadmap to secure the XRP Ledger against quantum computing threats by 2028, addressing concerns over blockchain cryptography vulnerabilities. Key phases include researching quantum risks and implementing advanced security methods. XRP Ledger is currently better equipped than Bitcoin, with built-in key rotation enhancing safety.
GateNews3h ago
XRP Price Clears $1.40 While Broader Downtrend Persists
XRP's recent rise above $1.40 indicates a shift in market behavior after a consolidation phase. While momentum indicators show improvement, the broader bearish trend persists, limiting upside potential. Sustained support is crucial for extending its recovery.
CryptoNewsLand4h ago
XRP Consolidation Signals Reset as Bullish Setup Emerges
XRP has recently rebounded to $1.39 after trading between $1.20 and $1.40 due to improved market sentiment. A significant drop in futures open interest reflects reduced speculation, while technical indicators suggest a potential bullish breakout, targeting $1.50 and possibly $1.80.
CryptoNewsLand5h ago
XRP Price Near $1.45 as ETF Inflows Build Pressure
Key Insights
Institutional XRP ETF inflows reached $41.6 million over four days, lifting assets under management above $1.08 billion and strengthening market confidence.
XRP faces strong resistance near $1.45, where CoinGlass data highlights a short max
CryptoNewsLand5h ago
Solana CPO Vibhu Buys $10K XRP to Demonstrate wXRP Potential as Liquidity Hits $1M in 24 Hours
Solana's Chief Product Officer bought $10,000 in XRP to showcase wXRP's utility, driving $1 million in liquidity within 24 hours. This highlights growing interoperability in DeFi and signals a shift in liquidity flows as ecosystems merge.
GateNews8h ago
XRP Community Split on CLARITY Act as Sell-the-News Skepticism Rises
While the CLARITY Act has garnered unprecedented institutional backing—including support from the White House, Coinbase CEO Brian Armstrong, and Senator Cynthia Lummis—the XRP community is divided on whether the legislative momentum represents a genuine catalyst or a "sell-the-news" trap. Reddit and
CryptoFrontier11h ago
